Swedbank AB Purchases 21,826 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Swedbank AB increased its stake in Keurig Dr Pepper, Inc. by 2.9%, purchasing an additional 21,826 shares, bringing its total ownership to approximately 768,828 shares valued at about $26.3 million.
• Despite a boost in institutional holdings, Keurig Dr Pepper's stock has experienced a 1.3% decline, with a current trading price around $27.23.
• Recent insider sales included Mary Beth Denooyer selling 12,000 shares and Robert James Gamgort selling 208,000 shares, reflecting a notable decrease in their ownership percentages.

Swedbank AB lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 768,828 shares of the company's stock after buying an additional 21,826 shares during the quarter. Swedbank AB owned about 0.06% of Keurig Dr Pepper worth $26,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of KDP. Focus Partners Wealth increased its position in shares of Keurig Dr Pepper by 225.7% during the fourth quarter. Focus Partners Wealth now owns 61,215 shares of the company's stock valued at $1,967,000 after buying an additional 42,420 shares during the period. Janus Henderson Group PLC increased its position in shares of Keurig Dr Pepper by 1.7% during the fourth quarter. Janus Henderson Group PLC now owns 157,359 shares of the company's stock valued at $5,055,000 after buying an additional 2,579 shares during the period. Quantinno Capital Management LP grew its holdings in Keurig Dr Pepper by 17.6% in the fourth quarter. Quantinno Capital Management LP now owns 67,732 shares of the company's stock worth $2,176,000 after purchasing an additional 10,143 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Keurig Dr Pepper in the fourth quarter worth about $552,000. Finally, Raiffeisen Bank International AG purchased a new stake in Keurig Dr Pepper in the fourth quarter worth about $295,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded up $0.15 during midday trading on Thursday, reaching $27.41. 3,716,038 shares of the company traded hands, compared to its average volume of 13,420,384. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 1.48 and a beta of 0.47. The business has a 50 day moving average of $31.94 and a two-hundred day moving average of $33.13. Keurig Dr Pepper, Inc has a 12 month low of $26.58 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 459,601 shares of company stock worth $15,228,872 over the last quarter. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KDP. Citigroup cut their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday. Piper Sandler cut their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Finally, UBS Group cut their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $37.77.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.